Sorainen Belarus advised Bank of Moscow, a member of Russia’s VTB Group, on the sale of its Belarusian subsidiary, Bank Moscow-Minsk, to the Belarusian state. The state was represented in the transaction by the National Bank of Belarus and government-owned Paritetbank, which respectively acquired 99.75 % and 0.25 % shares in the target bank. The transaction became the most notable deal in the Belarus banking sector in 2014.
Legal support provided by Sorainen comprised advice on regulatory and tax aspects of the transaction, review and amendment of transaction documents, and support at closing. The team consisted of partner Maksim Salahub, senior associate Ann Laevskaya, and associate Viktoryia Mikhnevich.